alt Hacker NewsA corporation is just a business incorporated as a separate legal entity.
If there were huge "unfair" advantages to being incorporated, then surely "normal" businesses would simply pay the modest fee to incorporate.
A corporation is just a business incorporated as a separate legal entity.
If there were huge "unfair" advantages to being incorporated, then surely "normal" businesses would simply pay the modest fee to incorporate.
Well there's a balance. You get some really nice benefits from incorporating, but you also suffer some be restrictions.
Some businesses decide the benefits outweigh the restrictions, others do not.